Post by
SirHumpsAlot on Aug 01, 2018 11:41am
What a moron ....
If you read the financials you will realize just how pathetic this company really is. I mean, look past the dismal numbers where they increase their expenses to over 4 million and the revenue shrank. Look at the fact they acknowledge that they sacrificed revenue growth to go after pie in the sky financing for 6 months... So, they admit that they basically shut down looking to build the business because they were chasing a pipe dream. At the same time, they were on a hiring frenzy. They spent 1.6 million on wages in the last 12 months. 1.6 million to generate 44K revenue? I can generate 44K revenue from the internet in my home office with no overhead. They spent 1.6 million on useless staff. I think shareholders should demand to see the list of salaries paid to executives. I can't help but wonder how many people are making a mint as shareholders get fleeced. Also, they spent another 1.6 million on advertising. So why spend 1.6 million on advertising when your staff are working on closing a financing and are not focused on revenue growth? Sounds like LIES. To top it all off they are working on an UBER style app to deliver their content to rural areas. I guess they don't know what uber is otherwise they would not have made such a pathetic statement. Good grief. I have seen some pathetic companies, some outright scams but this one takes the cake.
Comment by
kozayagi on Aug 01, 2018 1:30pm
Tef - it's comforting to know that some people understand the market so well. Thank you for your service sir. I hope one day to be able to comprehend the exchange subtleties which such aplomb. But until then I remain on the ground, only barely able to see you up there on your pedestal.
Comment by
SirHumpsAlot on Aug 01, 2018 4:03pm
Is that condencention I smell in the air.... or perhaps indignation.